§431:3-220  Revival.  An insurer whose certificate of authority has been suspended, revoked, or refused may subsequently be authorized if:

     (1)  The grounds for the suspension, revocation, or refusal no longer exist and the insurer is otherwise fully qualified; and

     (2)  The insurer has reimbursed the commissioner for all reasonable and necessary expenses incurred by virtue of the suspension, revocation, or reinstatement of the certificate of authority. [L 1987, c 347, pt of §2]